Watch List notes:

Commercial Bank of China, 1920 "Tael Issue" Specimen Banknote. Commercial Bank of China, 1920 "Tael Issue" Specimen Banknote.Shanghai, China. 1920, 1 Tael, P-A134s (S/M#293-30), Specimen banknote, Confucius at center, Blue on m/c, back brown, Red specimen overprint, POC and "000000" serial numbers. ABNC. Rare "Tael Issue". PMG graded Choice Uncirculated 63 EPQ, Rare note in any grade. ABNC.

Estimate: 6200-12400 HKD